Earlier this year, the International Institute for Management Development (IMD), in partnership with the Asian Institute of Management Rizalino S. Navarro Policy Center for Competitiveness (AIM RSN PCC), released the results of the 2018 World Digital Competitiveness Ranking (DCR). This report ranked the Philippines 56th out of 63 economies, a 10-place decline from the previous year. Among Asia-Pacific countries, the Philippines placed 12th out of 14. Overall, the DCR was topped by the United States, followed by Singapore (2nd), Sweden (3rd), Denmark (4th) and Switzerland (5th). The bottom-ranked countries were Venezuela (63rd), Indonesia (62nd), Mongolia (61st), Peru (60th), and Colombia (59th).